Csenge Advisory Group Buys Shares of 4,363 Louisiana-Pacific Co. (NYSE:LPX)

Csenge Advisory Group purchased a new position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,363 shares of the building manufacturing company's stock, valued at approximately $452,000.

Other large investors also recently bought and sold shares of the company. Pacer Advisors Inc. grew its holdings in Louisiana-Pacific by 11,417.9% during the 3rd quarter. Pacer Advisors Inc. now owns 1,106,410 shares of the building manufacturing company's stock valued at $118,895,000 after purchasing an additional 1,096,804 shares in the last quarter. FMR LLC grew its holdings in Louisiana-Pacific by 25.2% during the 3rd quarter. FMR LLC now owns 3,167,946 shares of the building manufacturing company's stock valued at $340,427,000 after purchasing an additional 638,058 shares in the last quarter. State Street Corp grew its holdings in Louisiana-Pacific by 10.8% during the 3rd quarter. State Street Corp now owns 2,154,561 shares of the building manufacturing company's stock valued at $231,529,000 after purchasing an additional 210,113 shares in the last quarter. Bamco Inc. NY grew its holdings in Louisiana-Pacific by 65.7% during the 3rd quarter. Bamco Inc. NY now owns 516,472 shares of the building manufacturing company's stock valued at $55,500,000 after purchasing an additional 204,828 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Louisiana-Pacific by 32.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 662,496 shares of the building manufacturing company's stock valued at $71,192,000 after purchasing an additional 162,976 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on LPX shares. StockNews.com lowered shares of Louisiana-Pacific from a "buy" rating to a "hold" rating in a report on Sunday, November 10th. The Goldman Sachs Group increased their price objective on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a "sell" rating in a research note on Wednesday, November 6th. Royal Bank of Canada reiterated an "outperform" rating and set a $125.00 price objective on shares of Louisiana-Pacific in a research note on Thursday. Truist Financial increased their price objective on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Finally, TD Securities reduced their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $108.00.

Louisiana-Pacific Stock Performance

Shares of Louisiana-Pacific stock traded down $2.11 during trading hours on Friday, reaching $98.78. The company's stock had a trading volume of 995,005 shares, compared to its average volume of 647,669. The company's 50 day simple moving average is $110.24 and its 200 day simple moving average is $106.49. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86. Louisiana-Pacific Co. has a one year low of $67.47 and a one year high of $122.87. The stock has a market cap of $6.88 billion, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 1.24 and a beta of 1.95.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.24. The firm had revenue of $681.00 million for the quarter, compared to the consensus estimate of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. Louisiana-Pacific's quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the firm posted $0.71 EPS. As a group, analysts expect that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be given a $0.28 dividend. The ex-dividend date is Thursday, February 27th. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 1.13%. Louisiana-Pacific's dividend payout ratio (DPR) is currently 17.69%.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the firm's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the transaction, the director now owns 18,513 shares of the company's stock, valued at approximately $2,101,225.50. This trade represents a 11.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.26% of the stock is currently owned by insiders.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.